Millennial Women Believe Crypto Can Close Financial Gender Gap

Women who took part in a recent survey said that cryptocurrency is a source of financial independence for them.

On International Women’s Day, leading cryptocurrency exchange Coinbase teamed up with research firm Qriously to ask more than 6,000 women in the US and the UK about their thoughts on money, the role of technology in the world, and the current financial system.

One-third of college-educated women surveyed said they do not believe they have equal access to the financial system in their country. At the same time, millennial women are aware of the potential role crypto currency could play in closing the financial gender gap.

The survey found that college-educated women become increasingly interested in learning more about crypto when they understand how the technology might have an impact on leveling the playing field with financial inclusion.

There is a predominant sense among college educated women that technology will have a positive impact on the financial system in the next 10 years.

The feedback from the survey holds relevance for the fact that in many parts of the world, access, gender bias, and restrictive laws put additional barriers on women’s ability to open a bank account, get a loan, own land, or start their own businesses.

According to the World Bank’s 2017 Global Findex Database, only 65 percent of women globally have a bank account compared to 72 percent of men.

The research also found that financial gender inequity is not only an issue in the under-developed and developing world, but also in developed nations such as the US and the UK.

“Blockchain and crypto will facilitate kind of the next wave of commerce”, according to Olivia Wang, the US head of ZhenFund, China’s largest early-stage fund. Wang, who took part in the survey, expressed hope that women and the whole global community can come closer to the understanding that Bitcoin could be a great instrument to further this vision.

San Francisco-based Coinbase is one of the best-known and largest cryptocurrency exchanges in the U.S., having more than 20 million users.